Healthcare Provider Update: Nu Skin Enterprises offers healthcare benefits to its employees through various providers, primarily collaborating with large national insurers. For 2026, Nu Skin Enterprises employees should prepare for potential healthcare costs to rise significantly. Record premium increases are anticipated, particularly within the Affordable Care Act marketplace; some states may see hikes exceeding 60%. Contributing factors include escalating medical costs, the potential expiration of enhanced federal premium subsidies, and aggressive rate increases from major insurers. As many companies consider shifting a greater share of healthcare expenses onto employees, Nu Skin's workers might face larger out-of-pocket costs, making it crucial for them to stay informed about benefit adjustments and optimize their healthcare plan selections. Click here to learn more
The first few years of retirement are frequently a time of transitions for many, including those leaving Nu Skin Enterprises. It is a critical period that can influence the next few decades financially and emotionally. At the age of sixty-six, Wall Street Journal distinguished editor Stephen Kreider Yoder announced his retirement. His wife, sixty-seven-year-old Karen Kreider Yoder, followed suit. Their experiences, highlighted in the 'Retirement Rookies' column each month, demonstrate a departure from conventional retirement preparation. They emphasize crafting adaptable, meaningful experiences that serve as a foundation for future undertakings over following predetermined bucket lists.
This approach to retirement highlights a larger movement among individuals reimagining their post-employment years. By focusing on personal development and continual exploration, retirees can ensure a fuller, more satisfying experience. This narrative offers invaluable insights for Nu Skin Enterprises employees looking to maximize their life-changing retirement years.
Recent studies by the American Psychological Association (APA) underline the advantages of the Yoders' method of unstructured retirement planning. The research indicates that retirees adhering rigidly to their pre-planned bucket lists report lower levels of satisfaction and fulfillment compared to those who engage in activities based on their own interests and whims. This suggests that a flexible retirement lifestyle can lead to more fulfilling and significant experiences, an important consideration as employees transition from structured careers to the freedom of retirement.
In the Retirement Rookies column, Stephen and Karen Kreider Yoder share their journeys and offer a fresh perspective on retirement planning. Learn why they're passing on typical bucket lists in favor of flexible, meaningful experiences, and how this strategy might enhance your post-work years at Nu Skin Enterprises. Discover how embracing an unstructured retirement can lead to increased contentment and pleasure, setting the stage for a rewarding future.
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Forgoing a conventional retirement plan is akin to sailing a ship without a defined course. Retirees like the Yoders choose to navigate the waters of their golden years with the liberty to uncover new horizons as they appear, rather than charting every port of call. This method, much like a sailor discovering new adventures in uncharted waters, allows them to encounter unexpected joys and experiences, enriching each day with personal growth and satisfaction.
What type of retirement savings plan does Nu Skin Enterprises offer to its employees?
Nu Skin Enterprises offers a 401(k) retirement savings plan to help employees save for their future.
Is participation in the 401(k) plan at Nu Skin Enterprises mandatory?
No, participation in the 401(k) plan at Nu Skin Enterprises is voluntary, allowing employees to choose whether or not to enroll.
What is the employer match policy for the 401(k) plan at Nu Skin Enterprises?
Nu Skin Enterprises provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
How can employees at Nu Skin Enterprises enroll in the 401(k) plan?
Employees at Nu Skin Enterprises can enroll in the 401(k) plan through the company’s HR portal during designated enrollment periods.
What are the contribution limits for the 401(k) plan at Nu Skin Enterprises?
The contribution limits for the 401(k) plan at Nu Skin Enterprises are set in accordance with IRS guidelines, which can change annually.
Can employees at Nu Skin Enterprises take loans against their 401(k) savings?
Yes, employees at Nu Skin Enterprises may have the option to take loans against their 401(k) savings, subject to specific plan rules.
What investment options are available in the Nu Skin Enterprises 401(k) plan?
The 401(k) plan at Nu Skin Enterprises offers a variety of investment options, including mutual funds and target-date funds, to suit different risk tolerances.
How often can employees at Nu Skin Enterprises change their 401(k) contribution amounts?
Employees at Nu Skin Enterprises can change their 401(k) contribution amounts at any time, subject to the plan’s guidelines.
What happens to the 401(k) savings if an employee leaves Nu Skin Enterprises?
If an employee leaves Nu Skin Enterprises, they have several options for their 401(k) savings, including rolling it over to another retirement account or cashing it out.
Does Nu Skin Enterprises provide educational resources for employees regarding their 401(k) plan?
Yes, Nu Skin Enterprises offers educational resources and workshops to help employees understand their 401(k) plan and make informed investment decisions.